Bitcoin price models point to $40K–$50K as potential BTC bottom

Bitcoin remains in a bear market despite a bounce to $67,000, with onchain metrics and models pointing to a potential bottom below $50,000.

Bitcoin (BTC) buyers made a tepid comeback on Monday, pushing BTC price to its intraday high of $67,860. Analysts said that Bitcoin remains in a bear market, with several metrics pointing to a potential bottom below $50,000.

Key takeaways:

Bitcoin price turns $70,000 into resistance, clearing the path for a deeper correction.

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